LPG Players & Growing Consumption (3)

Jan 7, 2014 | Industries, Mining, News Group

Pertamina said domestic consumption of LPG will grow further to around 6.1 million tons this year. At average price of US$805 per ton, we are talking about US$4.9 billion business per annum here. Pertamina’s own production is only 560,000 tons per annum or about...

LPG Players & Growing Consumption (2)

Jan 7, 2014 | Industries, Mining, News Group

Most people, including President SBY and some lawmakers, blame Pertamina, the state-owned company, for its decision to raise liquefied petroleum gas (LPG) for 12-Kg cylinders. Most of them missed the big picture of those who enjoy hefty profits from supplying LPG to...

LPG Players & Growing Consumption

Jan 7, 2014 | Industries, Mining, News Group

Kerosene-to-gas conversion program initiated by then vice president Jusuf Kalla can be considered a ‘success’ in saving the country from higher deficit in oil and gas trading. Most people now use liquefied petroleum gas (LPG) for cooking with price range...

Who Will Eventually Build Caprolactam Plant Here?

Jan 6, 2014 | Industries

Plastic News reported last August that Asahi Kasei Chemicals Corp becomes the first company to produce nylon 6/6 compounds locally in Indonesia. Asahi Kasei produces compounds for automotive applications, particularly glass reinforced grades, to tap the growing...

Smelter Projects: Where are We? (4)

Jan 6, 2014 | Commodities, Industries, News Group

The government of Indonesia insisted to implement export ban on mineral ores by January 12, 2014 pursuant to Law No 4/2009. Companies (miners), which have yet to do processing and refining, will not be allowed to export mineral ores, while those having processing and...

Palm Oil Players to Watch: Makin Group

Jan 6, 2014 | Agriculture, Industries, News Group

Three years ago, Matahari Kahuripan Indonesia (Makin Group), controlled by Susilo Wonowodijojo (one of shareholders of Gudang Garam, second largest cigarette player), reportedly had around 130,000 hectares of planted area. Back then, the group only produced around...

Investment and M&A Journal No 01/2014

Jan 6, 2014 | Industries, Market, News Group

Entering 2014, Wingfield Global Trading Pte Ltd sold 139.13 million shares or about 4% of total issued shares of Bank Mayapada International (MAYA) to J Trust Asia Pte Ltd at Rp1600 per share. Brilliant Bazaar Pte Ltd has also sold 139.13 million MAYA shares to J...

Outlook 2014: Oil & Gas

Jan 6, 2014 | Commodities, Industries, News Group

Oil and gas contributed to 17% of Indonesia’s export revenues in 11 months of 2013, but accounted for 24% of the country’s import. As a result, Indonesia suffered oil and gas deficit of US$11.84 billion in the period, surged by 144% from the corresponding...

Feed Mill Expansion Projects

Jan 3, 2014 | Industries

Animal feed industry continues to attract new players as existing players reported substantially high return on equity. Malindo Feedmill, for example, reported annualized ROE of 37% in nine months of 2013, while Charoen Pokphand 30% and Japfa 20%. Who are they? Among...

Update on Indonesia’s Universal Healthcare

Jan 2, 2014 | Industries, News Group

For over 100 million Indonesians, 2014 should be the year of affordable healthcare. The President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY) launched the country’s first Universal Healthcare (JKN) program on Tuesday Dec. 31, 2013, or nine years...